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San Francisco Chief, Super Chief. The next day, Amtrak killed all of them except the Empire Builder (and it killed the leg to Portland), Super Chief, and City of San Francisco (which was cut to three days a week). That’s a loss that’s hard to forgive. Business analysts remember that the idea of a national passenger railroad was sold to Congress as a profitable enterprise, but it turned out to be a big money loser. Rather than a normal government agency, Amtrak was created as a for‐profit corporation with stockholders and, potentially, investors. The railroads were supposed to give it seed money based on the amount of money they claimed they had lost in the previous three years. After spending that to get started, Amtrak was supposed to make money. ....
Fox News Flash top headlines are here. Check out what s clicking on Foxnews.com. President Biden headed Friday to Philadelphia to celebrate Amtrak’s 50-year anniversary and push for better funding of rail service that has a decades-long history of red ink. As a former senator from Delaware, Amtrak Joe famously rode the train between his home in Wilmington and Washington, D.C., every day. So it s perhaps not surprising that tucked into Biden’s American Jobs Plan is $80 billion earmarked for Amtrak, funding the railway he has said is necessary to rebuild the Northeast Corridor and address $45 billion in backlogged repairs. ....